Jack Dorsey says he has no plans to re-direct Twitter

Twitter Inc. co-founder Jack Dorsey Wednesday said he did not want to take back the helm of the social media company, alluding to his limited involvement though Elon Musk manages to successfully close the acquisition operation.

Dorsey, who currently heads payments firm Block Inc, owns a 2.4% stake in Twitter, according to Refinitiv.

Since Twitter’s board of directors accepted Musk’s $ 44 billion takeover offer on April 25, there is little clarity about the company’s new leadership once the deal is closed.

Reuters reported on April 29 that Musk had lined up a new CEO, while there are reports that the head of Tesla Inc may temporarily take over the top role.

Dorsey has had a tumultuous run as the head of the social media company. He was replaced like Twitter CEO in 2008, two years after launching the service, but reprized the leading role in 2015 before handing over the role to chief technology officer Parag Agarwal late last year.

Meanwhile, a recent regulatory filing showed Musk was in talks with Dorsey to contribute his actions to the proposed acquisition.

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